Lang Atholl Limited - Accounts

Lang Atholl Limited - Accounts

LANG ATHOLL LIMITED - Company Information

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Registered Number: SC498057
Scotland

 

 

 

LANG ATHOLL LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2021

End date: 28 February 2022

Lang Atholl Limited
Contents Page
For the year ended 28 February 2022
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Turner Accountancy Limited
28 February 2022



....................................................
Turner Accountancy Limited
101 Park Street

Motherwell
ML1 1PF
24 November 2022
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 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 83    166 
83    166 
Current assets      
Debtors 186,236    97,063 
Cash at bank and in hand 24,902    31,133 
211,138    128,196 
Creditors: amount falling due within one year (156,024)   (85,359)
Net current assets 55,114    42,837 
 
Total assets less current liabilities 55,197    43,003 
Creditors: amount falling due after more than one year (50,864)   (55,000)
Provisions for liabilities (16)   (32)
Net assets 4,317    (12,029)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 4,217    (12,129)
Shareholder's funds 4,317    (12,029)
 


For the year ended 28 February 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 November 2022 and were signed by:


--------------------------------
Ross Corcoran
Director
2
General Information
Lang Atholl Limited is a private company, limited by shares, registered in Scotland, registration number SC498057, registration address Parkview, Claredon Place, Dunblane, Scotland, FK15 9HB

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 33 Straight Line
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2021 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2021 -    - 
Additions 249    249 
Disposals -    - 
At 28 February 2022 249    249 
Depreciation
At 01 March 2021 -    - 
Charge for year 166    166 
On disposals -    - 
At 28 February 2022 166    166 
Net book values
Closing balance as at 28 February 2022 83    83 
Opening balance as at 01 March 2021 166    166 


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